“show me the money” ric... · 2013-06-06 · development (sr&ed) tax incentive program...

“Show Me the Money” Brampton Creative Economy Summit

April 23, 2013

Show Me the Money

www.riccentre.ca

RIC Centre

Fast Track your Business to Market • Advanced Manufacturing • Life Sciences • ICT • Clean-Tech/ Green-Tech • Aerospace

Ministry of Research & Innovation

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Support for tech companies

• Entrepreneurial Training • Growing Your Business • Entrepreneurs in Residence • Mentor & Coach

• Business Skills, • Training, • Experienced Mentoring

STAY CONNECTED #VentureStart facebook.com/venturestart

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Ontario Interactive Digital Media Tax Credit (OIDMTC)

- tax credit reclaim up to 40 percent of marketing, labour and distribution costs

- apps such as tip calculators, word processors and email clients are ineligible.

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Scientific Research and Experimental Development (SR&ED) Tax Incentive Program

• Federal tax incentive program to support R&D

• Gives claimants cash refunds and / or tax credits for work done in Canada

• Includes basic, applied or experimental research

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(SR&ED) Tax Incentive Program

SR &ED can’t be applied to: • market research or sales promotion, • quality control or routine testing • research in the social sciences or the humanities, • prospecting • commercial production of a new or improved

material

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Crowdfunding

• platforms such as Kickstarter and Indiegogo to raise extra capital has increased exponentially in the United States

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• Silicon Peel is a new grassroots community dedicated to connecting and creating strong relationships for local hi tech entrepreneurs, professionals, enthusiasts and leaders in Peel.

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Meetup #5 – May 29th Three-ways to fund your Startup Did you know that there is a ton of money available in Canada for seed and early stage investment?

Show Me the Money

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Show Me the Money

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Innovator Idol 5 – Register Now!

Fast Track Your Business to Market

www.riccentre.ca

2655 North Sheridan Way, Suite 250

Mississauga, ON, L5K 2P8

Pam Banks Executive Director T: 289.373.3050

www.riccentre.com